SILJ trade ideas
Silver Junior Miners Weekly Log Chart3 times arcs.. 2 have failed. Rate of change telling us a little about the story when the setups where there...
Silver Junior Miners ETF's daily linear chartWhy all the long faces? Some technical daily defined road maps for a move back upwards.
Silver Miners: Blow-off 5th Wave Rally Imminent in SILJThe SIL and SILJ ETF's are both following a classic impulsive pattern that began with our low in the spring of 2020. After a powerful 3rd wave blow-off rally that peaked in the summer of 2020, a seemingly endless 4th wave correction has been grinding away all hope in the metals sector. However, we may have reason to be bullish as there are clear signs that the correction is over and that the 5th wave has commenced!
Not only is there great confluence at the 0.382 ext targets overhead, but metals are famous for 5th wave extension blow-off tops which can drive up prices levels to the 0.618 ext and beyond! They are not easy to predict and take off parabolically, so it is prudent to leg-in carefully and methodically as a setup develops. We have similar setups developing in gold ( GDX / GDXJ ) and copper ( COPX ) as well!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
SIL & SILJ Component Stocks:
SIL ETF - Global X Silver Miners ETF:
WPM - Wheaton Precious
POLY LN - Polymetal
PAAS - Pan American Silver Corp
SSRM - SSR Mining Inc
HL - Hecla Mining Co
FR CN - First Majestic S
FRES LN - Fresnillo PLC
010130 KS - Korea Zinc Co Ltd
BVN - Buenaventura-ADR
PE&OLES* MM - Industrias Penol
SILJ ETF - ETFMG Prime Junior Silver Miners ETF:
AG - First Majestric Silver Corp
PAAS CN - Pan American Silver Corp
AUY - Yamana Gold Inc
SSRM CN - SSR Mining Inc Com NPV
MAG CN - MAG Silver Corp Com
SIL CN - Silvercrest Metals Inc
HL - Hecla Mng Co
TRQ CN - Turquoise Hill Resources Ltd
GATO - Gatos Silver Inc
EXK - Endeavor Silver Corp
#silver #gold #silversqueeze
Silvah Miners!!!In my humble opinion silver miners are the buy of the century right here. They are incredibly cheap when compared to other assets and they have fallen out of favor with most investors. No analyst are really covering them at the moment...and with most other assets (e.g.- equities and real estate being at all time highs) precious metals are the one that I am buying! Especially silver! What other asset is selling below its 1980 peak price (before inflation) and close to its 1975 lows when discounted for inflation??? There is no other asset on the planet with this valuation; especially one with some much need. All of the green technologies (batteries, solar panels, computer chips etc) use silver and therefore it has a huge amount that is consumed by industry each year...yet is has this low valuation...it simply does not make sense.
So why is this the case...because it is heavily manipulated by derivative contracts (SLV) which allows those "in charge" to cause it to drop or rise with a simple click of a mouse! But this is about to change...
You are seeing it here folks...we are about to witness the single largest explosion in a hard asset ever seen...only Cryptos have seen the kind of moves we are about to see...and remember...this is a hard asset...physical in nature...not simply bits and bytes on a screen.
In summary...get your while you can...in less than a year you will not be able to buy the stuff...for any price!!
Inverse Head and Shoulders PotentialWill be interesting to see if this plays out on the daily. MACD on the weekly already is showing some strenth.
Could this be the right count on Silvah!!!I came up with this one...have not seen it anywhere else...but it does seem to fit nicely....boy if this is correct, we are about to truly moon!!!
Junior Silver miners vs Bitcoin daily log ratio chartDistance from 50 day moving average showing some momentum change in favor of junior silver miners vs bitcoin.
Fundamental-analysis (SILJ)Limit buy: 13,0$
Target:
1№- 15,65
2№- 17,40
Risk/Reward Ratio: 1№- 2,94
Stop-loss: 12,10
Silver Junior Miners vs Silver Monthly Ratio Chart2023 top for Junior Miners vs Silver itself.
Arc still holding on monthly chart.
Still need to wait for monthly close to confirm
My play on SILVAH...get it while you still can!I see SILVAH being the best play available and it is about to break out hard...(See previous post). With this in mind, I am loading up on junior miners...SILJ is one way to play the silvah move with some leverage. Expecting great things soon!
Bear market for silver junior miners?This under performance by the silver junior miners is in a different context than previous times it under performed the spx.
If out performance is to resume following arc trajectory on Mansfield relative strength indicator, a top in $silj vs $spx could be in Q4 2022.
Silver Junior Miners vs Silver Monthly Ratio ChartKevin's hawk eye spotted this potential arc while he watched my latest Palisades Gold Radio interview...
Oh man...
Silver Junior Miners vs Silver part IINow the line chart, closes only. July close will see if that bottom line has any significance.
Silver Junior Miners vs Silver part IAgain, candles and wicks to outline the noise below important lines defined by CLOSES only...
Silver Junior Miner's 6 month part IINow check out with the smaller time frames' noise (wicks of candles).
Look at 1st semester of 2020... that is one nasty wick and noise.
Silver Junior Miner's 6 month part INotice the clean closes, creating a nice upwards trend line... now look at next chart!
JILS is about the break the multi year resistanceOnce the resistance is broken, sky is the limited. Not financial advice.
SILJ RECTANGLE PATTERNSILJ :
Are you bullish on Silver ?
Beautiful rectangle pattern on junior silver miners .
Traders could trade the top and bottom of the rectangle or wait for a break of USD 18.
Potential target of 22 if we break bullish. Then we could see 30 if Silver breaks past USD30-35.
Trade safe.
Cup & Handle set up - Silver Miners & Silver JuniorsA long term cup & handle set up appears to be nearing breakout stage within the Silver Juniors & Silver Miners ETF's.
A push above 29. for Silver should push this cup & handle pattern out of it's top side ready for a run up.
SILJ BREAKOUT - BACKTEST IN PROGRESSSILJ HAS BROKEN OUT ABOVE A LONG TERM RESISTANCE DATING BACK TO 2016. WATCH OUT FOR THE COMING EXPLOSIVE GAINS IN SILVER JUNIORS
SILJ BREAKOUT AND ON THE CUSP OF LONG TERM SUPPORT FROM 2016SILJ HAS BROKEN OUT OF THE PENNANT AND IS SITTING JUST BELOW LONG TERM SUPPORT DATING BACK TO 2016. IF IT BREAKS OUT ABOVE ON MONDAY 31ST MAY THEN EXPECT EXPLOSIVE GAINS FOR MTHE SILVER JUNIORS.
